Wednesday, 25 January 2017

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 25 JANUARY 2017

Cardamom trading range for the day is 1448.8-1539.2. Cardamom prices dropped on profit booking after prices gained amid falling supplies due to weak output and fag-end of the season. Cardamom farmers say the monsoon was very bad and about 50 per cent deficient. The farmers say that last year they received just about 10 per cent rains compared to what they used to get normally during the north-east monsoon. Cardamom prices in spot market gained by 0.90 rupees and settled at 1444.50 rupees.